🚀 XRP Slumps to 🔻$3 as Experts Predict Panic $2 Crash 📉 But Remain Bullish 🦄
XRP price has plummeted more than 10% today, pushing the digital asset below the brief $3 mark amid a broader crypto market crash.
A horde of market watchers now predicts a potential slip to $2 for Ripple‘s native cryptocurrency, especially amid soaring tensions between XRP enthusiasts and Bitcoin maximalists. However, despite these dark forecasts, a swarm of experts remained optimistic on the long-term path of the crypto, sparking market optimism.
Notable market expert, EGRAG CRYPTO, indicates in a recent analysis that XRP might slump to $2, citing it as an “Equilibrium” level. However, the expert still maintained a bullish outlook on the long-term trajectory of the cryptocurrency.
EGRAG CRYPTO noted that following a steep correction, Ripple’s native crypto is likely to target the $2.9 mark, followed by a possible rally to $3.3. Post the breach of $3.3, XRP will aim for the brief $5 level.
Even though the price has slipped, top analysts maintained their bullish outlook on XRP’s future trajectory. Top crypto influencer, Ben Armstrong, also known as The BitBoy, recently highlighted the XRP price dip, stating that it has “never sustained these prices before” as it hovered above $3 over the past few weeks.
Conglomeration of Ripple-Bitcoin Warfare
The recent dip in XRP price comes amid escalating tensions between Ripple and Bitcoin maximalists. Amid rumors about a potential US Crypto Reserve instead of a Bitcoin Strategic Reserve, the Bitcoin maxis have targeted Ripple, CEO Brad Garlinghouse, and the broader XRP community.
However, the recent correction also arrived as part of a broader crypto market crash and stagnant performance of both BTC and XRP.
XRP Price in Limbo
Amid these bullish predictions, a leading market analyst, Ali Martinez, has cautioned that XRP’s price is on the verge of a major move. According to Martinez’s analysis, the Bollinger Bands on XRP’s daily chart are squeezing, indicating a potential price surge or collapse.
This development suggests that investors should be prepared for a significant price shift in the near future. Martinez’s warning has piqued interest within the crypto community, leaving many on tenterhooks as they anticipate the next move.
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2025-01-27 13:47